Abstract
This article challenges whether there should be a procedural bankruptcy law for
municipalities. It sets out a list of alternatives ranging from structured to more
discretionary, debtor- or creditor-oriented approaches. It questions whether the
administration of these cases is more a matter of politics rather than of procedural, bankruptcy law. This question is embodied in a comparison of two legal systems
(Italy and United States) and two similar, yet different cases (‘Rome’ and ‘Detroit’)
and their implications.
municipalities. It sets out a list of alternatives ranging from structured to more
discretionary, debtor- or creditor-oriented approaches. It questions whether the
administration of these cases is more a matter of politics rather than of procedural, bankruptcy law. This question is embodied in a comparison of two legal systems
(Italy and United States) and two similar, yet different cases (‘Rome’ and ‘Detroit’)
and their implications.
| Original language | English |
|---|---|
| Pages (from-to) | 1-30 |
| Number of pages | 30 |
| Journal | Nottingham Insolvency and Business Law eJournal |
| Volume | 5 |
| Issue number | 1 |
| Publication status | Published - 2017 |
Keywords
- Detroit
- Rome
- municipal bankruptcy
- insolvency